Bitcoin Crosses $100,000 Mark, Is Putin the Latest Crypto Supporter?
Does Putin Support Bitcoin?
It might be tricky to get a clear yes or no, but Putin did hint at his interest in digital currencies during the plenary meeting.
On Wednesday, Russian President Vladimir Putin raised doubts about maintaining state reserves in foreign currencies, pointing out their vulnerability to political confiscation.
When the Ukraine war began in 2022, Western countries froze around $300 billion of Russia’s money, which it had earned from selling energy, according to a report by Reuters.
“A legitimate question: why accumulate reserves if they can be lost so easily?” Putin pointed out while addressing the investment conference. He suggested that it would be smarter to invest state savings in things like infrastructure,…
